Members of Parliament have approved an increase of the allocation to counties for the next financial year by approximately Sh46 billion, setting the amount at Sh372.7 billion in the Division of Revenue Bill.
The bill is now headed for the Senate and is on track to be approved by Parliament before the end of the current financial year.
The revenue to be shared based on the established formula for equity is Sh314 billion, up from Sh302 billion this year, while the conditional and additional grants — money meant for specific work per county — has increased from Sh24 billion to Sh58.7 billion.
Sponsored by Kikuyu MP Kimani Ichung’wa, chairman of the Budget and Appropriations Committee, the bill was drafted to reflect the emphasis by the Treasury that there has been an imbalance in the way revenue was shared between the two levels of government.
